đ„đ„Bitcoin Price Continues to Fall After Forecast: Here's Why I Remain Steadfast in My Opinion!!!!đđđ
đI have continuously shared my opinion that the price of Bitcoin (BTC) will drop sharply from the price range of 71,000 USD to the 59,000 USD range. Although in recent times, the price of Bitcoin has continuously fluctuated and even increased to the price range of 70,000 USD and 68,000 USD, but today, we have witnessed a sharp decrease, when the price of Bitcoin fell to the price range of 65,200 USD. .
đ„The Reason I'm Still Steadfast:
đ1. Short-Term Reaction and Long-Term Trend: While short-term fluctuations may cause the price of Bitcoin to rise and fall unpredictably, I continue to believe that the long-term trend of Bitcoin will cause it to fall towards the price 59,000 USD as my original estimate.
đ2. Trading Psychology and Market Maker: The influence of trading psychology and market maker moves is not lost on me. The recent fluctuations may be part of the short liquidation process before a major correction occurs.
đ3. Rebounds and Losses: Temporary rallies do not reflect the nature of a market. Often, after several periods of price increases, a sharp price decrease will occur to rebalance the market.
âConclusion:
While the Bitcoin price may have unpredictable short-term fluctuations, I remain steadfast in my view that Bitcoin will fall to the $59,000 price range. This is not only based on technical analysis but also a look at trading psychology and larger market factors. I will continue to monitor market developments and update my views in the near future.
